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Will NJ See a Gas Tax Holiday? New Jerseyans and Americans across the nation are feeling the economic effects of the Ukrainian at the gas pump. The country has seen gas prices rise an average of $1.00 per gallon this month as markets respond to international uncertainty and President Biden’s executive order banning all Russian oil imports. While gas prices have been steadily rising over the past three years, the sudden spike is impossible to miss when viewing it on a chart. Even those who don’t drive are affected, as consumers inevitably share the costs incurred by businesses. For businesses, it can be brutal, as they are torn between taking the hit of higher prices themselves or passing them off to consumers and watching their sales drop. Some argue the markets are simply responding to the conditions of the world. Others, particularly those proposing bills in the House, suggest that oil companies are taking advantage of the situation to gouge consumers. Whatever the cause, there is already discussion at both state and federal levels about what legislators could do to lessen the pain at the pump for citizens. Today I’ll cover everything that’s being discussed in our state and on Capitol Hill about dealing with high gas prices. What’s Happening in New Jersey With the Gas Tax? State Sen. Shirley Turner will propose a bill to drop the state gas tax by 27.9 cents for 60 days, and State Sen.